Wednesday, October 13, 2010

Trend Day

We are seeing a big trend day ( in the making ) in the Nifty today.

All initial indicators are pointing to a trend day, though we are just 2 Hours in the trading day with another 4.5 hours remaining.

If it continues, it will change a lot of things on charts as well as with some people.

" No target is too big for a trend day "

Against this back drop of a trend day, we are running against a wall at 6192-6207 which are the MP given lines of resistance. We have spent the past 30 mins near 6192 NF.

So Trend day ( in the making) v/s 6192-6207.

Who will come on top?

3 comments:

Viren said...

It's a trend day alright !

and the battle seems to be going to the trend day...

We are watching 6207 NF for closing.

Incidentally 6200 CE's are bailing out !!

bizagra said...

Dear Viren, can we go long positionally if closes above 6207??Wht sud be SL?
Thanks

Viren said...

Positional stop is 6135. Tgt 6360.